Top 5 Stock Picks of Fang Zheng’s Keywise Capital

1. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Keywise Capital’s Stake Value: $119.8 million 

Percentage of Keywise Capital’s 13F Portfolio: 29.36%

Number of Hedge Fund Holders: 64

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the top stocks to buy. In addition to the stock price gains, the company also offers a dividend yield of over 1.50%. The company raised its dividends in the last seven consecutive years. Moreover, its returns are backed by strong financial numbers. It generated $14.88 billion in third-quarter revenue, up 11.4% quarter over quarter. 

In the third quarter investor letter, Wedgewood Partners, an investment management firm, mentioned a few stocks including Taiwan Semiconductor. Here is what Wedgewood Partners stated:

“Taiwan Semiconductor Manufacturing detracted from performance as the market attempted to price in a downturn in the semiconductor cycle. Although there are some signs that memory markets might be somewhat oversupplied, we have yet to see any tangible signs that logic semiconductors – particularly at the leading-nodes where the Company dominates – are in anything but short supply. In addition, and as a result of this strong demand, the Company should be able to pass through price increases to help fund very attractive returns on the rare leading-edge capacity that serves this demand.”

You can also take a look at Best Stocks Under $11 in Cathie Wood’s Portfolio and Top 10 Stock Picks of Boykin Curry’s Eagle Capital Management.

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